Harbin FTZ ranks 52nd on world businesses environment list
Updated : 2020-07-16
By ( e.my399.com )
The Harbin FTZ – located in Harbin, capital of China’s northernmost Heilongjiang province – was approved by the State Council, China’s Cabinet, on Aug 26, 2019.
It aims to be a highland for wide-ranging commerce between Russia and Northeast Asia, a national logistics hub connecting domestic and Eurasian regions, and a growth springboard and demonstration zone for the full-scale revitalization of the northeast region.
Officials said that convenience in starting a business is an important indicator in the World Bank's business environment evaluation system.
They said that since last year, the Harbin FTZ has focused on further improving the efficiency of business start-ups, breaking down space barriers and maximizing the convenience of international companies and investors from different places to register their enterprises.
As of the end of June, there were 2,875 newly established enterprises and 44 newly signed projects in Harbin FTZ since its establishment. The total investment in the same period in the zone had reached 166.98 billion yuan ($23.84 billion), officials said.
Harbin has made major progress in improving its environment.
The financial departments recently allocated another 320 million yuan to support companies that are resuming their operations and production.
Policies rolled out by Harbin -- in response to the needs of enterprises that are resuming operations and production -- have taken effect.
Harbin FTZ recently rolled out initiatives to simplify registering and starting up companies.